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on with fiscal cliff and the debt ceiling cliff and all the rest of it. be and we have opened slightly lower. 13,460 is where we are. right now, as of this moment, f.a.a. is announcing an investigation into the manufacturing process of the boeing dreamliner, plus, its battery, its electronics. and we have news for you, two more incidents overnight, but the plane, the 787, the dreamliner, they will stay in service. where did of boeing stock open, bearing in mind, a pr problem more than anything else. >> down to 75 and change. right now 75.75. and the question for boeing, are these growing pains with a new plane or structurally manufacturing defects and are people going to be scared to take a 787 dreamliner because it's more than a nightmare. stuart: well said, lauren. that's the pr side. if you look at physical side, if f.a.a. thought there was a threat to safety and health of passengers they would have have taken them out of the air, but i agree with you, pr, and boeing was buck and a half. >> 1.7% lower. stuart: we'll check back later. thanks very much. call it the smartphone effect perhaps. ac
. you want to see the cliff? the debt ceiling. right? the debt ceiling -- liz: again? >> next month is starts. liz: what's that do -- >> the republicans are not going to give. they are going to say i gave you tax hikes. i want to see spending cuts. when obama says i'm not giving you spending cuts without more tax hikes, you will see the republicans cross their arms and say, i'm not playing. we're going off that cliff. liz: what is the trade if that is, indeed, the scenario? >> sell long term treasuries. they are a bad deal. i don't know if you saw these reports on the coin? have you seen that? think about it. imagine if the government printed a trillion dollars and stuck it in the treasury and said, oh, there's a trillion less. that's so irrational, or a country like ours crossing arms saying we are not going to pay. that's so irrational. that means one thing, long term interest rates up; right? bond prices down. you will see the ten year note go down and done, and interest rates in the u.s. in the long term continue to jump up. liz: in november, when you were here, the best thing g
to the debt ceiling debate. so early on in trade today, we will see more follow-through from the strong wednesday-thursday trade, but perhaps expect a little bit of profit-taking in the last hour ahead of the weekend press cycle. > > what are you seeing as far as volume, and did growth in china have anything to do with this latest rally? > > right, no, absolutely. first and foremost, china. the chinese trade data from wednesday night into thursday morning was exceptionally strong, exceeding analysts' expectations by 50%. it suggests or gives the hint that perhaps the global and domestic economies are both a little bit stronger than what some of the data is perhaps suggesting. that would be welcome news for federal reserve policymakers. your second point, volumes - volumes have been very strong at the start of the new year. even the s&p futures for example, yesterday traded over 1.6 million contracts in its heaviest volume day of the year, so, volumes are strong, and there is a lot of new money entering the market - 401(k)s, pension plans, whatever else - so look for volumes to remain el
's taking place in america right now. and we're hearing about fiscal cliff and debt ceiling and money here and there and cuts and whatnot. it is about what the republicans want to take from the lower-income americans. that is the issue. and our next guest, bernie sanders, wants action. and so do the american people. i was struck by his essay in the huffington post that was titled "the soul of america." so well put. because folks, this is, as i said, an ideological battle. and the deck is basically stacked against you if you're in the middle class or below that. we're experiencing more income inequality now than we have during any time in a period of history since 1928. the top 1% owns 42% of the country's financial wealth. 1% of americans own 42% of the country's wealth. as for the bottom 80%, they own only 5% of the wealth. yet despite those kinds of statistics, the republicans and the big money donors who back them are aiming for more. we've heard all the rhetoric. we don't have enough revenue. well, wait a minute. we've got too much revenue going in. it's a spending problem. but we all
a fiscal cliff deal was reached, republicans claim to have leverage in the debt ceiling debate based not entirely on their threat of default. but as the clock winds down, there are calls for the gop to fall in line and the calls are coming from their own side. for instance, financial services roundtable, which is headed by failed gop presidential candidate and former minnesota governor tim pawlenty and represents nearly 100 of the largest financial service firms in the country. the roundtable is set to increase pressure on congress to raise the debt limit, warning that failure to do so will make the markets go haywire. because 2011's debt ceiling showdown was an expensive game of chicken. it's estimated borrowing costs increased by about $1.3 billion in that year alone and a total of $19 billion over the next 2k5ikd. keep in mind in 2011 we didn't even breach the debt ceiling. big business, wall street, the job creators can't afford another round. these reliable republican allies are saying basically, enough is enough. even karl rove seems to have recognized republicans are in a desp
. i think, you know, in the end the debt ceiling is resolved like the fiscal cliff is resolved. it's messy. it's late, but in the end we get through it. >> robert, real quick here. final question. one chart that sticks out in your mind that looks particularly compelling from a technical standpoint that's going higher. what would it be? stick your neck out for us? >> you know what? i think it's a contrarian call. we've been talking about the energy space and gotten tremendous pubback from many clients on the interest there, but it's generally one of the last cyclical areas investors rotate into. there's opportunity here between now and going into the middle of q2. >> we'll watch energy. thank you for that. make us some money. guys, thank you very much. see you soon. have a good weekend. >> appreciate that. >> notable ipos on next week's agenda as well and bob pisani has the lowdown on that angle. hey, bob. >> quiet recently, but next week we'll get a brand name. take a look at this, norwegian cruise lines, believe it or not, third biggest cruise operator in neckor america, going to
reaching a deal on the "fiscaa cliff"... congress now faces talks over raising the nation's debt ceiling. is growing concern about what wiil happen... and what it could mean to marylann. repubbicans on capitol hill want maasive cuts to government programs in amount that uncle sam can borrow.but f that happens... ttousaans of federaa employees in maryland could be laid off... and there ould be huge cuts elsewheree (governor) "we are seeing solid signs of economic peccvery in maryland, but all pf that's in jeopardy if the republican members of congress are not able to act with the same sort of balanced approach marrland."the governor will nnm" unveil his budget for the 2214 fiscal year next week. 3 tailgating always sttrts early when yoo are following the purple friday caravan. but this time itts more justified then ver.... instead of aiting until &psunday, the rvenn are challenging the brrncos 4:30. joel d. smith is live in white marsh to see why the different when it comes to the ravens and payton manning. manning.peyton vs. raa lewis last time...
if the debt ceiling is raised without comparable spending cuts. the physical cliff was 41-1. i will not vote again in this country if it comes up to that. guest: do not give up on voting. is one thing -- that is one thing i beg you n
and the debt ceiling negotiations and new revenue raised by taxing them. you know what? that's the same old, same old. i don't care. like kinder morgan. looking for an entry point. yield above 6%, and currently 5.77%. you know what? if it happens, before they report, i would pounce. bank of america reports on thursday morning. okay. could this be the breakout quarter for bac, b-a-c-. the funny thing about the market. when everyone expects something good, you tend not to go it. the stock super bowl momentarily. this is a long-term positive story that needs to be button weakness, it bothers me that the stock caught two -- not one, but two downgrades in the past week. as you will hear later, short term, some concern. that's just short term, though. citigroup, the first conference call from the new ceo. i will be listening to hear the strategy going forward. the last quarter was terrific, but the ceo got fired immediately after it in a weird and wild tenure. i think the story has calmed down. after the close, we'll get results from capital one. i bet we get one of the best quarters from one of
check. >> from repercussions of the fiscal cliff to the debt ceiling there's nothing we can't talk to david about. he's founder and president and ceo of thecomback america initiative, former controller general of the united states. we'll talk to you about if you're feelings of jack lew in a moment. on the deal that we did. you see everybody's taken the zeros off of what we owe and everybody's seen that now. i guess we're making $23,000 a year, we're spending $38,000. so we're adding $16,000 to our credit card bill every year. and we already owe $160,000 on our credit card bill. and the fiscal cliff deal cut $38 off of our expenses or something when you take everything off. is that -- >> actually worse than that. >> how can it be worse? >> actually our cliff bill was an absolute embarrassment to the united states of america. let me clarify. if we had gone over the cliff, it would have been an "f." and a total failure of our system. but when you analyze the bill, it was an "f" on spending. we actually increased spending. we didn't reduce 13e7bding. we increased spending. >> all the d
, and we're going to discuss where we're going with the negotiations on the debt ceiling. truly you'll not want to miss this. be back in ten. [ male announcer ] you're not the type of person who sets goals and only hopes to achieve them. so you'll be happy to know that when it comes to your investment goals, northern trust uses award-winning expertise to lead you through an interactive investment process. adding precision to your portfolio construction by directly matching your assets and your risk preferences against your unique life goals. we call it goals driven investing. your life has a sense of purpose. shouldn't your investments? ♪ expertise matters. find it at northern trust. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> welcome back. >>> getting a nice pop after suntrust increased its price target. the target now $50, up almost 4%. >>> got break
the debt ceiling. which raises the possibility of a government shutdown. >> this fiscal uncertainty has become a very serious threat to our national security. >> we actually are growing, we've expanded. we've continued to go through these months. but if there's a shutdown, that would be an abrupt stop. >> steve charles cofounded contractor the group and he says there would be layoffs if the government isn't in a position to re-up contracts or award new ones in the next few months. other defense companies instituted hiring freezes while they wait to see what happens. >>> its is 5:35. time for another your money report now. >> and jessica doyle is back with a look at the local economic future. >> that's right. that's right. well remember when it was easy to find a job and you could sell your house with relative ease? the hard part was actually bidding on a new house. it hasn't been like in a really long time. we've gotten used to the new normal economy that's slowly mugging along and really don't expect the new normal to go away anytime soon. a new forecast is out from the centers for reg
you'll find time in the day to do else but budget. >> that will be big. >> facing this debt ceiling coming up in february. we just backed away, though inches away from the fiscal cliff. do you feel like this is the biggest issue that's facing americans now? >> it is. it's a combined issue. we were talking on break before we started, it's a little bit about fiscal budget, and that's usually important, but it's also a little bit about us showing the american public we can work together. because any of the issues we're going to talk about, whether veterans unemployment or fiscal involve democrats and republicans, house and senate, congress and the president, being able to work together. i was a mayor of a diverse city. i was governor with two republican houses. you know, i had to learn, even amidst disagreement, let's keep the communication and relationship going. and you might find something you agree on tomorrow. my perception thus far, while it's largely been positive in the two months since i've been elected, there's a lot of relationship building stuff that needs to be done better
the disagreements that will inevidentbly arise. >> well, you might be putting the debt ceiling fight at the top of the list of those disagreements. we shall see. he suggested, it's a perfect opportunity to deal with issues left out of the deal on the fiscal cliff. the president of the u.s. chamber of commerce, tom d donohue. let me start with, many business leaders do not want to see the republicans use this as leverage. where are you on this? >> i believe that fundamentally, if the country does not deal with its debt, that debt that is driven by entitlements, 10,000 people a day retiring, if we don't do it, it will consume all of the nation's income. and we have to find a way to do a big deal. it's there. make it work. where we come on the issue of what should stimulate it, of course we know that sequestration and other issues will require us to work together, when you get down to defaulting on the debt, you have a very, very serious question. what will happen to interest rates, what will happen to our relationships around the world. >> really hurt the economy. >> it could really hurt the econ
a withdraw of investment but maybe it will bounce back? albeit, you've still got to get through debt ceiling and other negotiations. >> i think 2013 compared to 2012 and 2013, 2013 will be more positive. for the election year in europe and considering most of the companies infrastructure is more than 50% of the exposure to the u.s. market. most companies who have their renewal budgets, they tried to push it to the next year, the election budgets. so most companies do have good exposure to the u.s. i think 2013 is still better than 2013 compared to 2012. >> there's a lot of talk about on-shoring of business by the u.s. certainly with regard to manufacturing, you've got the natural gas boom in the u.s. which is making it much more attractive for the u.s. to manufacture stuff on-shore as well as 3g, 2g manufacturing. are there any factors on the software side that can have an impact on some of the offshoring that has occurred to india over the past 15 years. >> fundamentally if you look at it, europe is still not very intensive. the u.s. is a market which will need external support. i don't thi
, that means controlling deficit spending through common sense, entitlement reform. the last debt ceiling increase was passed in august of 2011. that was a 2.1 trillion dollar commitment. here we are seventeen months later and $2.1 trillion is gone. kaput. and now we need another increase. how much longer can this kind of spending go on without adjustment? as a nation, we must finally face up to the single biggest threat to our economic future, and that is our exploding national debt driven by runway deficit spending, changing demographics, and unsustainable entitlements. if we fail to address this threat, automatic spending will soon consume every dollar the federal government collects, leaving nothing for education, national defense, or other essential programs. we have no illusions that putting our country on a surround and responsible fiscal course will be easy. it clearly will not. our government is divide and conflicted because the american people are divided and conflict ed. we cannot ignore this crisis any longer. nor can our leaders. as important as economic growth is, we can't g
the continuing resolution to continue to fund government. we'll be talking about lifting the debt ceiling a number about issues that the administration has to deal with immediately now on questions of spending and size and scope of government that will coincide with these confirmation hearings. there is no question in my mind that republicans are going to focus heavily on those issues with jack lew who has experienced at the office of management and budget before he became chief of staff to the president and wants to be elevated to treasury secretary. that will be the focus. i think they will try to frame him as really the face of the administration's handling of debt and deficits over the first term. bill: simple question in this too, what would you cut? where are your spending cuts? >> yeah. bill: put them on the table. how would you balance the budget? how would you get control of out of control debt? >> exactly. in particular, entitlement spending. we haven't had a proposal from the president, when timothy geithner who would be jack lew's predecessor if in fact confirmed was asked, wh
Search Results 0 to 22 of about 23 (some duplicates have been removed)